• LTC Properties Buys into SHOP Growth

    LTC Properties released its 2025 fourth quarter results and 2026 guidance, and in it reiterated its shift toward its newly established SHOP segment. During the second quarter of the year, the company established the segment, marking its shift in focus from the skilled nursing sector. Later in Q2, it terminated its Anthem Memory Care triple-net... Read More »
  • Portland IL/AL Community Finds New Purpose in Multi-Family

    Calaroga Terrace has traded hands, from a national owner/operator to a regional developer. The community sits is north of the Oregon Convention Center, in downtown Portland, Oregon. Built in 1968 and renovated in 2016, the 15-story high rise is situated on just under one acre and features 181 independent living and 84 assisted living units. The... Read More »
  • New England SNFs Struggling to Breakeven Sell

    Blueprint represented a private equity investor in its divestment of a 302-bed skilled nursing portfolio in New England. The facilities had challenged occupancies, however, they generated approximately $27 million in revenue. Inflated operating costs took its toll on EBITDAR, with the asset struggling to breakeven. Dubbed Project Red Coats, the... Read More »
  • Assisted Living Portfolio Secures Refinance

    Berkadia announced the refinancing of a nine-property assisted living portfolio spanning Ohio and Pennsylvania. Steve Muth, Garrett Sacco, Austin Sacco and Alec Rosenfeld arranged the $114.37 million financing through Bloomfield Capital Partners, LLC on behalf of the borrower, a joint venture with an experienced owner and New Perspective Senior... Read More »
  • Lument Rolls Out Seniors Housing Investment Sales Platform

    Alex Florea and Kevin Lukehart have joined the Lument team as managing director and director, respectively. This expands Lument’s real estate investment sales platform into seniors housing. Florea will lead the team, working closely with John Sebree, head of real estate investment sales, and Aaron Becker, head of seniors housing and healthcare... Read More »

KeyBank provides $635 million Fannie Mae credit facility

KeyBank provoked some conversation at the recent NIC Conference after announcing that it would provide a $635.6 million Fannie Mae credit facility to subsidiaries of Senior Housing Realty Trust, a Maryland-based REIT owned by an affiliate of Senior Resource Group and its institutional partners. The facility came with a 10-year term (with 10 years of interest only) and a fixed rate, plus the option for releases, additions, substitutions and the capacity to expand with additional fixed or floating debt. KeyBank will also be able to provide flexible financing solutions ranging from balance sheet to permanent mortgage loans. The 12 properties that are being refinanced with this facility are... Read More »